£14m loss

Laters heed I need some beauty sleep as I'm on the Lamm Friday.

comment by The Mighty Quinn (U4099)
posted 1 hour, 2 minutes ago


Laters heed I need some beauty sleep as I'm on the Lamm Friday.


----------------------------------------------------------------------
Good for ewe

Rangers losses

12/13 £14m
13/14 £8.1m
14/15 £7.5m
15/16 £3.3m
16/17 £6.7m
17/18 £14.3m

£53.9m! so just another £1.1m to go..

#goingfor55 #letsgo

comment by BB7🍀 (U13430)
posted 8 hours ago
Rangers losses

12/13 £14m
13/14 £8.1m
14/15 £7.5m
15/16 £3.3m
16/17 £6.7m
17/18 £14.3m

£53.9m! so just another £1.1m to go..

#goingfor55 #letsgo
----------------------------------------------------------------------
Don't worry..they'll be past that by now.

#letsgobust

Why can’t you guys just move along quietly ffs?

There’s absolutely nothing to see here

comment by Gingernuts (U2992)
posted 1 minute ago
Why can’t you guys just move along quietly ffs?

There’s absolutely nothing to see here
----------------------------------------------------------------------
Said the ostrich with its head in the sand 😀

comment by Gingernuts (U2992)
posted 8 minutes ago
Why can’t you guys just move along quietly ffs?

There’s absolutely nothing to see here
----------------------------------------------------------------------
Admit it....#letsgobust....that's a cracker.

As long as its King and investors that we owe money to and not hmrc i won’t start panicking.

The auditors statement isn’t worrying, they’ve signed off as a going concern, at a time when that’s an area of focus for the FRC. Their statement is just what you’d expect and in line with the directors.

The increase in costs and that we are reliant on soft loans is obviously worrying, even more so when the costs will jump up again this year significantly. Revenue should however also jump up with Europe, season tickets and the impact of new strip deal. But I can’t imagine that’ll be anywhere near enough to make up for increase in costs.

comment by RenegadeOF (U9457)
posted 9 seconds ago
As long as its King and investors that we owe money to and not hmrc i won’t start panicking.

The auditors statement isn’t worrying, they’ve signed off as a going concern, at a time when that’s an area of focus for the FRC. Their statement is just what you’d expect and in line with the directors.

The increase in costs and that we are reliant on soft loans is obviously worrying, even more so when the costs will jump up again this year significantly. Revenue should however also jump up with Europe, season tickets and the impact of new strip deal. But I can’t imagine that’ll be anywhere near enough to make up for increase in costs.
----------------------------------------------------------------------

You owe £3m to a loan company. Close Brothers or something.

‘The auditors statement isn’t worrying, they’ve signed off as a going concern, at a time when that’s an area of focus for the FRC. Their statement is just what you’d expect and in line with the directors.’

From your accounts:

‘Failure to secure additional funding would result in the existence of a material uncertainty which may cast significant doubt as to the Group’s ability to continue as a going concern.’

That’s casting doubts over your ability to remain a going concern, not endorsing it. It’s the auditors get out if things go tets up.